aritcles

Employee Owned Companies

Employee-Owned Business:  A Path into the Future In today’s capitalist world, with huge corporations in towering skyscrapers, there is nothing that the modern consumer cannot get. Capitalism has given us a choice and freedom, and jobs with relative security. But capitalism, like any other seemingly beautiful thing, has its ugly side. A side with exploitation and bureaucratic distance between corporate big shots and the ‘common’ employee.   We’d think that any attempt to bridge this gap would be futile and pointless. Is it possible to prioritize the integration of employees into the companies that they work alongside the overall well-being and prosperity of the company? Well, companies like Publix and Packard have taken steps to mend the gap by becoming Employee-Owned Companies.   An Employee Owned Company, better known as an Employee Stock Ownership Plan (ESOP), is a type of employee benefit plan that encourages employees to acquire stocks or ownership in the company.  ESOPs function in a reasonably straightforward way and are held accountable by certain strict rules to ensure that the ownership stakes are divided among employees fairly and equitably. In return, companies and their owners get a rather substantial tax incentive.   To become employee-owned, a company…

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Feb

18

2020

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Employee Owned Companies

on Tue, Feb 18th Categories: aritcles (4457 Views) 0 comments

Employee-Owned Business:  A Path into the Future In today’s capitalist world, with huge corporations in towering skyscrapers, there is nothing that the modern consumer cannot get. Capitalism has given us a choice and freedom, and jobs with relative security. But…
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